Considering Whether to Use Historical Cost or Fair Value Relates

question 29

Multiple Choice

Considering whether to use historical cost or fair value relates to which of the following components in accounting policy decisions?

• A) Definition
• B) Recognition
• C) Measurement
• D) Disclosure

---

Definitions:

Stimulus Generalization

The process by which a response conditioned to one stimulus is evoked by similar, but not identical, stimuli.

Higher-Order Conditioning

Higher-order conditioning is a form of learning in which a stimulus is paired with a previously conditioned stimulus, leading to an association and conditioned response to the new stimulus, even though it was never directly associated with the unconditioned stimulus.

Sensory Preconditioning

A learning process where a neutral stimulus becomes capable of eliciting a response after being paired with another stimulus that naturally evokes a reaction.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly paired with an unconditioned stimulus.